If Park Bank is liable for not spotting Sujata "Sue" Sachdeva's $34 million embezzlement from Koss Corp. and has to reimburse the company, Koss Chief Executive Michael Koss should also be ordered to personally pay the public company he runs, the bank argues in a new lawsuit.

Grant Thornton, Koss Corp.'s former auditor, should also have to pay a portion of any award that may be ordered, Park Bank argued in the latest twist in a long-running court fight stemming from Sachdeva's massive embezzlement.

"Park Bank denies any and all liability to Koss in this case," the bank said in its action. "Nevertheless, should Park Bank be found liable to Koss (Corp.) and required to pay damages to Koss, in this case, those damages will have been the result of a common liability of Park Bank, Michael Koss and Grant Thornton, thereby entitling Park Bank to (a) contribution from Michael Koss and Grant Thornton."(10)

Bloomberg's PAC enters Milwaukee County sheriff's race

Former New York Mayor Michael Bloomberg’s political action committee, Independence USA, has purchased $150,833 in television ads in an effort to defeat Milwaukee County Sheriff David Clarke and support his opponent Milwaukee police lieutenant Chris Moews.

In response to the news of Bloomberg’s anti-gun PAC ads, Clarke said in a statement. “I trust the voters. The voters can’t be bought.”

The ad buys by Bloomberg’s PAC come on top of a $400,000 in media ads purchased by the Greater Wisconsin Committee to try to beat Clarke who is seeking his fourth term in Tuesday’s (Aug 12) Democratic primary election.

Clarke has drawn strong support from the National Rifle Association, which has sent out a fund raising appeal asking for members to contribute.

“Make no mistake: Sheriff Clarke is fighting the reelection battle of his life right now because he dared to stand on principle by standing up for you, me and the NRA,” wrote Chris Cox, executive director of the NRA’s Institute for Legislative Action.

Campaign finance reports show Clarke has received a large number of contributions from out of state.

There are no Republicans running, so the winner of Tuesday’s primary will likely be elected. On the November ballot only Independent candidate Angela Walker is on the ballot.

Independence USA was formed by Bloomberg to support local, state and federal races across the country in which gun laws, education policy and marriage equality are issues, according to its website.

Bloomberg says “this new effort will support candidates and causes that will help protect Americans from the scourge of gun violence, improve our schools and advance our freedom.”

In April he was one of the featured speakers at the opening of the NRA convention in Indianapolis where he told members to oppose any efforts to restrict the rights of gun owners, including limits on magazine capacity and background checks, according to media reports.

His remarks have drawn condemnation from Milwaukee Mayor Tom Barrett. Barrett is a member of the mayor’s against gun violence group started by Bloomberg when he was Mayor of New York.

Daniel Bice of the Journal Sentinel staff contributed to this report.

About Georgia Pabst

Georgia Pabst is a general assignment reporter whose areas of coverage include Milwaukee County government, the Latino community, non-profits and neighborhoods.